Mhany Peninsula Local Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 0 | 16,064 | −16,064 | -2.3 | 0% |
| 2021 | 0 | 12,125 | −12,125 | -15.0 | 0% |
| 2022 | 563,369 | 1,102,993 | −539,624 | -6.0 | 0% |
| 2023 | 175,491 | 1,270,047 | −1,094,556 | -12.0 | 0% |
In its most recent public year (2023), this organization spent $1,094,556 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12 months), down from -2.3 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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